Compliance monitoring
We check the rules on every transaction, not a sample. Any problem goes to a named person, with the proof.
What the compliance monitoring module checks.
Each check runs on every trade and every holding. No samples.
We check if the whole portfolio suits the client's risk rating, not just one trade.
One rule for every way a product can enter a portfolio: upload, trade, link or typing it in. Nobody can skip it, not even an admin.
We check staff trades against client orders in the same security, including trades in the other direction.
A trade that needs approval waits until it gets one. A complex product needs its explanation and risk warning on file.
Every check result, rule by rule, on one Senior Management Summary.
Each check names the SFC paragraph behind it, for example FMCC 3.9.1 for opposite trades.
The checks only read data that reconciliation has already checked. So a check can never pass on data nobody has looked at.
What the compliance monitoring module gives you.
A list of problems, each with one owner
Senior Management Summary by rule
A history of every check, ready for an SFC visit
Runs every check on every transaction.
Looks into each problem and writes down the result.
Read the summary. Sign off the quarter.